Blackhawk Technical College Foundation Inc
Nonprofit profile at a glance
- EIN
- 391391659
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Janesville, WI, USA
- Phone
- 6087577704
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $791,035
- Expenses
- $426,501
- Assets
- $8,656,264
- Liabilities
- $2,620
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- DAVID HOLTERMAN (PRESIDENT)
- JILL LEITZEN (VICE PRESIDENT)
- LISA HURDA (EXECUTIVE DIRECTOR (TERMED OCT))
- CASSIE HARTJE (EXECUTIVE DIRECTOR)
People named in this filing
- DAVID HOLTERMAN (PRESIDENT)
- JILL LEITZEN (VICE PRESIDENT)
- FRANK MCKEARN (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the foundation is to receive, hold, manage, use and dispose of funds and properties of all kinds, whether given absolutely or in trust for the benefit of blackhawk technical college district, a Wisconsin vocational, technical and adult educational school system, or for any or all the educational and charitable movements or activities that may be conducted by blackhawk technical college district, more specifically to finance equipment and facilities, to improve grounds, to endow scholarships, to make equipment and library acquisitions, and to supplement all of the services which blackhawk technical college district renders to society where state and district appropriate tax funds are not available, sufficient or adequate to fully provide the services which blackhawk technical college district should or could render to society.
What it reported doing in 2024
The blackhawk technical college foundation provides capital assets to blackhawk technical college to enhance and support instructional programming. These assets include funding for equipment, technology, facilities, and other infrastructure essential to delivering high-quality education. By investing in capital improvements, the foundation enables the college to offer cutting-edge learning environments and resources, fostering academic excellence and ensuring that students receive training on industry-standard equipment. This support directly contributes to the college's ability to maintain and expand its educational offerings, meeting the evolving needs of students and the community.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 90
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.8%; rating input score 53
- Program expense ratio: 62.7%; rating input score 63
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 46.1%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 20.3; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 23.4% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 18.5% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 13.6% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 52.8% of revenue deployed · 62.7% of spending went to programs
- Governance: 13 of 13 board members independent · 7 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $267K in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 53/100.